Welcome to our dedicated page for Simpson Manuf news (Ticker: SSD), a resource for investors and traders seeking the latest updates and insights on Simpson Manuf stock.
Simpson Manufacturing Co., Inc. (SSD) delivers engineered wood and concrete construction solutions for residential and commercial markets worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments shaping the building products sector.
Access official press releases covering quarterly earnings, product innovations, strategic acquisitions, and operational milestones. Our curated collection ensures transparent tracking of SSD's market leadership in structural connectors, digital transformation initiatives, and regional expansion across North America, Europe, and Asia Pacific.
Key updates including regulatory filings, leadership changes, and technology partnerships are maintained for comprehensive analysis. Bookmark this page to monitor how SSD continues advancing construction efficiency through high-performance fastening systems and concrete repair solutions while maintaining rigorous quality standards.
Simpson Manufacturing Co. (NYSE: SSD) announced its participation in two upcoming investor conferences. The first is the Sidoti & Company Fall Virtual Small Cap Investor Conference on September 21, 2022, where the company will present at 11:30 a.m. ET. The second is the D.A. Davidson 21st Annual Diversified Industrials & Services Conference in Nashville on September 22, 2022, with a presentation at 8:00 a.m. CT. The presentations will be webcast live and accessible for 90 days on the company's investor relations webpage.
Simpson Manufacturing Co. (NYSE: SSD) announces Karen Colonias will step down as CEO on December 31, 2022, transitioning to an Executive Advisor role until her retirement on June 30, 2023. Michael Olosky has been appointed as her successor, effective January 1, 2023, following a strategic succession plan. Olosky, with a strong background from Henkel and experience since November 2020 at Simpson, aims to enhance the company's market position. Colonias acknowledges the company’s strong foundation and employee commitment, expressing confidence in Olosky's leadership.
On July 27, 2022, Simpson Manufacturing Co. (NYSE: SSD) declared a quarterly dividend of 26 cents per share, set to be paid on October 27, 2022, to stockholders of record by October 6, 2022. Headquartered in Pleasanton, California, the company specializes in engineered structural connectors and building solutions for the residential and commercial markets across North America and Europe. This dividend declaration highlights the company's ongoing commitment to returning value to its shareholders.
Simpson Manufacturing Co. reported a strong second quarter for 2022, with net sales reaching $593.2 million, up 44.6% year-over-year. Income from operations increased 30.8% to $133.1 million, and diluted earnings per share rose 30.1% to $2.16. The company repurchased $25 million in stock. While gross profits grew 32.0% to $259.3 million, gross margins dipped to 43.7%. The company expects its operating margin for the fiscal year to be between 19.0% and 21.0%, reflecting integration costs from the ETANCO acquisition.
Simpson Manufacturing Co. will report its second quarter 2022 financial results on July 25, 2022, at 4:15 p.m. ET. A conference call led by CEO Karen Colonias and CFO Brian Magstadt will follow at 5:00 p.m. ET. Investors can join the call via the company's Investor Relations website. A replay will be available until August 8. The company specializes in engineered structural connectors and reported an upcoming earnings call for stakeholders to gain insights into its performance.
Simpson Manufacturing Co. reported net sales of $493.6 million for Q1 2022, a 42.0% increase year-over-year. Gross margin rose to 48.0% from 46.7%, while income from operations surged 82.0% to $124.4 million, achieving an operating margin of 25.2%. Diluted EPS reached $2.18, up 87.9% year-over-year. The company completed its acquisition of ETANCO on April 1, 2022, enhancing its product offerings in Europe. The outlook for 2022 includes an operating margin projection of 19.0% to 20.0% with anticipated capital expenditures of $65 million to $70 million.
Simpson Manufacturing Co. (NYSE: SSD) will report its Q1 2022 financial results on April 25, 2022, at 4:15 p.m. ET. The CEO Karen Colonias and CFO Brian Magstadt will host a conference call at 5:00 p.m. ET that day, available live online. Interested parties can join the call via the Investor Relations website. A replay will be accessible starting 8:00 p.m. ET on April 25 until May 9, 2022.
On April 7, 2022, Simpson Manufacturing Co. (NYSE:SSD) announced the successful acquisition of ETANCO Group for €725 million (approx. $800 million). ETANCO, known for its fastening solutions in the European construction market, reported net sales of €258 million and an operating income margin of 19.7% for the year ending September 30, 2021. Simpson aims to enhance its product portfolio and expand its footprint in Europe, as highlighted by CEO Karen Colonias and ETANCO President Ronan Lebraut. Financial advisors included EC Mergers & Acquisitions and KPMG LLP, with Wells Fargo and MUFG providing debt financing.
Simpson Manufacturing Co. (SSD) reported a 42.4% year-over-year increase in fourth quarter net sales to $418.6 million, with net income per diluted share rising 136.8% to $1.61. For the full year, net sales reached $1.57 billion, up 24.1%, and net income increased 43.3% to $6.12 per share. The company announced an $818 million acquisition of Etanco Group, enhancing its European market presence. Despite higher material costs, operating margins improved to 23.2%.
A quarterly cash dividend of $0.25 was also declared.
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